Banks are gearing up to test a long-awaited wire transfer format that would cut their costs but may not initially be worth the effort. Processing Content The Clearing House Payments Co. LLC and the ...

In Cadence Bank, N.A. v. Roy J. Elizondo III, PLLC, the Supreme Court of Texas recently held that an administrative form relied upon by a victim of a fraud scam did not impose contractual obligations ...

To avoid contractual liability for their customer’s wire fraud losses caused by phishing email scams, banks should understand two things from the Texas Supreme Court’s recent opinion in Cadence Bank, ...

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Wire transfers can be a necessary but expensive way to send money. Some banks charge you for outgoing wires only, not incoming wires. Some banks, such as Marcus by Goldman Sachs, do not charge wire ...